Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 108.75

  (1)   Subsection   108 - 75(2) of the Income Tax Assessment Act 1997 applies to a roll - over under former section   160ZWA of the Income Tax Assessment Act 1936 in the same way that it applies to a roll - over under Subdivision   124 - J of the Income Tax Assessment Act 1997 .

  (2)   Subsection   108 - 75(2) of the Income Tax Assessment Act 1997 applies to a roll - over under former section   160ZZF of the Income Tax Assessment Act 1936 in the same way that it applies to a roll - over under Subdivision   124 - L of the Income Tax Assessment Act 1997 .

  (3)   Subsection   108 - 75(2) of the Income Tax Assessment Act 1997 applies to a roll - over under former section   160ZZPE of the Income Tax Assessment Act 1936 in the same way that it applies to a roll - over under Subdivision   124 - C of the Income Tax Assessment Act 1997 .

  (4)   Subsection   108 - 75(2) of the Income Tax Assessment Act 1997 applies to a roll - over under former section   160ZWC of the Income Tax Assessment Act 1936 in the same way that it applies to a roll - over under Subdivision   124 - K of the Income Tax Assessment Act 1997 .

Note:   This provision covers the case where the roll - over occurred in the 1997 - 98 income year or an earlier one and the relevant CGT event in the 1998 - 99 income year or a later one.